Summary
Tulloch paid (pounds) 5m to buy out Bank of Scotland's 41% stake in the housing and construction group last May when the company ditched plans for a stock market flotation.
Details of the share sale contained in Tulloch's accounts suggest it was valued for the purposes of the transaction at around (pounds) 12m, excluding the premium a bidder would probably have had to offer for control.See the full content of this document
Extract
Tulloch Paid (Pounds) 5m to Buy Out Bos Stake
That is well below the level market-watchers reckon would be necessary to attract much interest...
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